Question Content Area The charter of a corporation provides for the issuance of 101,000 shares of common stock. Assume that 56,000 shares were originally issued and 7,000 were subsequently reacquired. What is the number of shares outstanding? a. 56,000 b. 63,000 c. 7,000 d. 49,000

Question Content Area The charter of a corporation provides for the issuance of 101,000 shares of common stock. Assume that 56,000 shares were originally issued and 7,000 were subsequently reacquired. What is the number of shares outstanding? a. 56,000 b. 63,000 c. 7,000 d. 49,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 3MCQ: Authorized stock represents the: number of shares that are currently held by stockholders. number of...

See similar textbooks

Related questions

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Share can be issued upto charter of a corporation provides. reacquired shares are those shares which…

Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…

A: When shares are reacquired, the dividends are not required to be paid on such stocks.

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Dividend is declared on the basis of number of share issued to the public.

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: Question Content Area The charter of a corporation provides for the issuance of 103,000 shares of…

A: The objective of the question is to calculate the total amount of cash dividends to be paid by the…

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: Question Content Area The charter of a corporation provides for the issuance of 87,000 shares of…

A: The objective of this question is to calculate the total amount of cash dividends to be paid by a…

Q: What is the number of shares outstanding?

A: The shares which are outstanding is the shares which has been in the market which means those shares…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares issued = No. of shares issued - No. of shares reaquired

Q: The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume…

A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…

A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares

Q: The articles of incorporation provide for the issuance of 100,000 ordinary shares capital. Assume…

A: No. of shares outstanding : No. of shares outstanding are calculated by substracting the shares…

Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…

A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: The charter of a corporation provides for the issuance of 115,494 shares of common stock. Assume…

A: Lets understand the basics.When share is repurchased after issuance of shares then shares are known…

Q: The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that…

A: Dividend will not be paid on reacquired shares.

Q: The charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume…

A: No. of shares issued ansd outstanding = No. of shares originally issued - No. of shares reacquired =…

Q: provides for the issuance of 115,018 shares of common stock. Assume that 35,485 shares were…

A: A cash dividend is a payment made by a company to its stockholders in the form of periodic…

Q: The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume…

A: Outstanding shares:-Outstanding shares are those shares that are held by investors…

Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…

A: Given, Shares issued = 55,000 Shares reacquired = 12,900

Q: Question Content Area The charter of a corporation provides for the issuance of 110,854 shares of…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: The charter of a corporation provides for the issuance of 94,560 shares of common stock. Assume that…

A: Total amount of dividends paid = No. of shares outstanding * Dividends per shares

Q: The charter of a corporation provides for the issuance of 108,244 shares of common stock. Assume…

A: Originally issued shares = 44,779 shares (-) Reacquired shares = 4,084 shares Total dividend to be…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Q: he charter of a corporation provides for the issuance of 99,542 shares of common stock. Assume that…

A: Given that: Total authorised shares = 99,542 shares Original issued shares = 39624 shares Reacquired…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Authorized share capital is the number of stock units (shares) that a corporation can issue as…

Q: The charter of a corporation provides for the issuance of 95,662 shares of common stock. Assume that…

A: Dividend:-It is a form of profit which shareholder received in return of their investment made in…

Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…

A: Formula: Amount of cash dividends to be paid = No. of shares issued and outstanding x Dividend per…

Q: The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume…

A: The Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume…

A: Cash dividend will be paid for shares issued Less shares reacquired

Q: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…

A: Shares means the acknowledgement issued by company signifying the holder to be the owner or share…

Q: The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume…

A: Common stock means the shares that represents the shareholding of common stockholders. These are the…

Question

Question Content Area

The charter of a corporation provides for the issuance of 101,000 shares of common stock. Assume that 56,000 shares were originally issued and 7,000 were subsequently reacquired. What is the number of shares outstanding?

a. 56,000

b. 63,000

c. 7,000

d. 49,000

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Similar questions

Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.
STOCK SUBSCRIPTIONS AND TREASURY STOCK Rogers Hart formed a corporation and had the following organization costs and stock transactions during the year: June 30 Incurred the following costs of incorporation: July 15 Issued 8,000 shares of 10 par common stock for 82,000 cash. Aug. 1 Received subscriptions for 10,000 shares of 10 par common stock for 101,500. 15 Issued 10,000 shares of 10 par common stock in exchange for a building with a fair market value of 104,800. 31 Received a payment of 51,500 for the common stock subscription. Sept. 3 Purchased 1,000 shares of its own 10 par common stock for 11 a share. 18 Received the balance in full for the common stock subscription and issued the stock. 30 Sold 500 shares of its treasury stock for 11.70 a share. Oct. 15 Issued 4,000 shares of 25 par, 8 % preferred stock in exchange for land with a fair market value of 105,000. 31 Sold 500 shares of its treasury stock for 10.50 a share. REQUIRED Prepare journal entries for these transactions.
A corporation issues 6,000 shares of $1 par value stock for a parcel of land valued at $12,000. Prepare the journal entry to reflect this transaction.
STOCK SUBSCRIPTIONS AND TREASURY STOCK Nash Roth formed a corporation and had the following organization costs and stock transactions during the year: June 30 Incurred the following costs of incorporation: Incorporation fees 800 Attorney's fees 9,000 Promotion fees 8,000 July 15 Issued 7,000 shares of 10 par common stock for 73,000 cash. Aug. 1 Received subscriptions for 8,000 shares of 10 par common stock for 81,500. 15 Issued 16,000 shares of 10 par common stock in exchange for a building and fixtures with a fair market value of 165,000. 31 Received a payment of 51,500 for the common stock subscription. Sept. 3 Purchased 2,000 shares of its own 10 par common stock for 11 a share. 18 Received the balance in full for the common stock subscription and issued the stock. 30 Sold 800 shares of its treasury stock for 11.50 a share. Oct. 15 Issued 3,000 shares of 40 par, 5% preferred stock in exchange for land with a fair market value of 125,000. 31 Sold 400 shares of its treasury stock for 10.75 a share. REQUIRED Prepare journal entries for these transactions.
A corporation issues 5,000 shares of $1 par value stock for some equipment with a clearly determined value of $10,000. Prepare the journal entry to reflect this transaction.
Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions: Journalize the transactions.
MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 7% preferred stock. It is also authorized to issue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
Question Content Area The charter of a corporation provides for the issuance of 115,018 shares of common stock. Assume that 35,485 shares were originally issued and 3,170 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $64,630 b. $35,485 c. $3,170 d. $115,018
Question Content Area The charter of a corporation provides for the issuance of 87,000 shares of common stock. Assume that 44,000 shares were originally issued and 3,200 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3-per-share dividend is declared?
The charter of a corporation provides for the issuance of 136,000 shares of common stock. Assume that 66,000 shares were originally issued and 10,900 were subsequently reacquired. What is the number of shares outstanding? a.66,000 b.136,000 c.10,900 d.55,100
The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,100 were subsequently reacquired. What is the number of shares outstanding? a. 55,000 b. 43,900 c. 119,000 d. 11,100